🚀💳 Trustee Plus - більше ніж криптогаманець з європейською платіжною карткою. Спробуй 👉
Марія БровінськаMoney
21 April 2025, 09:24
2025-04-21
The Cabinet of Ministers approved a bill on transferring information about citizens' bank accounts and safe deposit boxes to tax authorities. What does this mean and why does it concern everyone?
The State Tax Service will act as the holder and administrator of the register of accounts and individual bank safes of individuals. It will receive relevant information from banks. Thus, tax officials will actually gain access to banking secrecy.
The State Tax Service will act as the holder and administrator of the register of accounts and individual bank safes of individuals. It will receive relevant information from banks. Thus, tax officials will actually gain access to banking secrecy.
A register of accounts and individual bank safes of individuals will be created, which will be administered by the Tax Service, and banks and electronic money issuers will be required to send data on the opening and closing of accounts or electronic wallets to the Tax Service.
The relevant draft law «on ensuring compliance with the legal acts of the European Union and the relevant criteria established by the European Payments Council, with a view to Ukraine’s accession to the Single Euro Payments Area (SEPA)» was approved by the Cabinet of Ministers. It will soon be registered in the Verkhovna Rada.
As reported by the Cabinet of Ministers, the draft law proposes, in particular:
creation of a register of accounts and individual bank safes of individuals, where the State Tax Service is the holder and administrator of this register, as well as the information entered into it, a list of entities that will send information about accounts and individual bank safes of individuals to the State Tax Service
establishing an obligation for the National Bank, banks, other financial institutions, non-bank payment service providers, and electronic money issuers to send notifications to the State Tax Service about the opening and closing of accounts or electronic wallets of individuals, the conclusion or termination of an agreement on the provision of an individual bank safe
creation of a register of ultimate beneficial owners of trusts or other similar legal entities, where the State Tax Service is the holder and administrator of this register, information entered into it, a list of persons who will send information about ultimate beneficial owners of trusts or other similar legal entities to the State Tax Service, as well as the introduction of a mechanism for verifying information about ultimate beneficial owners of trusts or other similar legal entities;
introducing the concept of a whistleblower and approving his legal status, granting the right to free secondary legal assistance to whistleblowers in connection with their reporting of information about violations, as well as other rights and guarantees for the protection of whistleblowers, as well as establishing a ban on disclosing information about the whistleblower and his relatives
improving the procedure for verifying information about the ultimate beneficial owners of legal entities and improving the application of the sanctions regime for failure to submit, untimely submission, submission of knowingly inaccurate information about the ultimate beneficial owner and/or ownership structure of a legal entity;
expanding the list of specially designated entities of primary financial monitoring by trustees of a trust or other similar legal entity who are residents of Ukraine, as well as determining that state regulation and supervision in the field of prevention and counteraction of such entities is carried out by the Ministry of Justice
establishing the need for approval by the highest management body of the primary financial monitoring entity of the financial monitoring rules, primary financial monitoring programs and other internal documents on financial monitoring issues;
introduction of effective, dissuasive and proportionate sanctions for violations by primary financial monitoring entities of the requirements of legislation in the field of prevention and counteraction, which comply with the requirements of FATF standards and the EU Directives on the prevention of the use of the financial system for the purpose of money laundering and terrorist financing.
As a reminder, in January, Finance Minister Serhiy Marchenko announced that the State Tax Service would be given access to the financial data of Ukrainians, which is currently a banking secret.
